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MSEX

MSEX - Middlesex Water Co Stock Price, Fair Value and News

51.17USD-0.84 (-1.62%)Delayed as of 14 Jun 2024, 11:00 am ET

Market Summary

MSEX
USD51.17-0.84
Delayedas of 14 Jun 2024, 11:00 am
-1.62%

MSEX Alerts

  • Big jump in Earnings (Y/Y)

MSEX Stock Price

View Fullscreen

MSEX RSI Chart

MSEX Valuation

Market Cap

927.3M

Price/Earnings (Trailing)

25.52

Price/Sales (Trailing)

5.5

EV/EBITDA

16.26

Price/Free Cashflow

-25.34

MSEX Price/Sales (Trailing)

MSEX Profitability

EBT Margin

22.49%

Return on Equity

8.5%

Return on Assets

2.91%

Free Cashflow Yield

-3.95%

MSEX Fundamentals

MSEX Revenue

Revenue (TTM)

168.6M

Rev. Growth (Yr)

6.21%

Rev. Growth (Qtr)

4.98%

MSEX Earnings

Earnings (TTM)

36.3M

Earnings Growth (Yr)

82.04%

Earnings Growth (Qtr)

85.29%

Breaking Down MSEX Revenue

52 Week Range

50.8084.35
(Low)(High)

Last 7 days

-2.8%

Last 30 days

-9.1%

Last 90 days

-0.8%

Trailing 12 Months

-35.6%

How does MSEX drawdown profile look like?

MSEX Financial Health

Current Ratio

0.95

Debt/Equity

0.83

Debt/Cashflow

0.12

MSEX Investor Care

Dividend Yield

2.45%

Dividend/Share (TTM)

1.27

Shares Dilution (1Y)

0.83%

Diluted EPS (TTM)

2.02

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2024168.6M000
2023164.4M167.5M166.5M166.3M
2022146.8M149.8M157.6M162.4M
2021142.4M143.8M143.7M143.1M
2020135.7M137.6M139.7M141.6M
2019137.6M136.1M135.1M134.6M
2018131.8M133.7M136.3M138.1M
2017132.4M132.7M131.1M130.8M
2016127.8M128.9M132.0M132.9M
2015118.7M121.2M123.2M126.0M
2014115.0M115.1M116.5M117.1M
2013113.9M115.6M114.5M114.8M
2012101.6M102.9M106.6M110.4M
2011105.1M104.7M103.7M102.1M
2010095.1M98.9M102.7M
200900091.2M
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Tracking the Latest Insider Buys and Sells of Middlesex Water Co

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
May 22, 2024
reinhard walter g
sold
-48,986
57.16
-857
-
Apr 01, 2024
oconnor a bruce
sold (taxes)
73,447
52.5
1,399
sr. vp & cfo
Apr 01, 2024
sohler bernadette m
acquired
47,460
52.5
904
vp-corporate affairs
Apr 01, 2024
noble ann l.
acquired
44,992
52.5
857
-
Apr 01, 2024
ginegaw lorrie beth
acquired
49,455
52.5
942
vp, human resources, mba
Apr 01, 2024
reinhard walter g
acquired
44,992
52.5
857
-
Apr 01, 2024
doll dennis w
acquired
37,485
52.5
714
-
Apr 01, 2024
klein steven m
acquired
44,992
52.5
857
-
Apr 01, 2024
andreasen g. christian jr.
sold (taxes)
6,037
52.5
115
vp-enterprise engineering
Apr 01, 2024
sohler bernadette m
sold (taxes)
19,792
52.5
377
vp-corporate affairs

1–10 of 50

Which funds bought or sold MSEX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 11, 2024
EverSource Wealth Advisors, LLC
new
-
7,202
7,202
-%
May 29, 2024
Clean Yield Group
reduced
-2.08
-102,667
371,438
0.14%
May 29, 2024
Pathway Financial Advisers, LLC
new
-
52,198
52,198
0.02%
May 28, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
-75,000
299,000
-%
May 20, 2024
Virtu Financial LLC
sold off
-100
-221,000
-
-%
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-4.91
-293,513
933,450
-%
May 16, 2024
JANE STREET GROUP, LLC
added
25.44
5,794
1,633,170
-%
May 16, 2024
COMERICA BANK
reduced
-14.48
-210,513
456,120
-%
May 15, 2024
CITADEL ADVISORS LLC
added
57.71
395,271
1,905,120
-%
May 15, 2024
Squarepoint Ops LLC
added
53.94
89,267
474,653
-%

1–10 of 48

Are Funds Buying or Selling MSEX?

Are funds buying MSEX calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own MSEX
No. of Funds

Unveiling Middlesex Water Co's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
8.01%
1,427,157
SC 13G/A
Jan 22, 2024
state street corp
3.97%
706,598
SC 13G/A
Jan 19, 2024
blackrock inc.
18.4%
3,272,519
SC 13G/A
Jan 12, 2024
first trust portfolios lp
7.75%
1,380,732
SC 13G
Feb 14, 2023
price t rowe associates inc /md/
0.1%
10,529
SC 13G/A
Feb 10, 2023
state street corp
3.59%
632,715
SC 13G/A
Feb 10, 2023
state street corp
10.59%
1,867,863
SC 13G/A
Feb 09, 2023
vanguard group inc
8.07%
1,424,068
SC 13G/A
Jan 26, 2023
blackrock inc.
14.6%
2,569,008
SC 13G/A
Jan 20, 2023
blackrock inc.
14.6%
2,569,008
SC 13G/A

Recent SEC filings of Middlesex Water Co

View All Filings
Date Filed Form Type Document
Jun 10, 2024
8-K
Current Report
May 23, 2024
4
Insider Trading
May 22, 2024
8-K
Current Report
May 08, 2024
10-Q
Quarterly Report
May 08, 2024
8-K
Current Report
Apr 25, 2024
8-K
Current Report
Apr 11, 2024
DEF 14A
DEF 14A
Apr 03, 2024
4
Insider Trading
Apr 03, 2024
4
Insider Trading
Apr 03, 2024
4
Insider Trading

Peers (Alternatives to Middlesex Water Co)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.4T
698.2M
-3.49% -15.61%
24.5K
3.4K
3.29% 8.78%
46.3B
19.3B
-3.18% 5.13%
16.44
2.4
-2.13% 41.75%
25.2B
4.3B
-2.97% -11.59%
26.24
5.84
10.78% 15.26%
18.7B
7.3B
-6.52% -15.50%
16.18
2.57
-10.88% 5.77%
17.5B
4.1B
-0.94% -0.79%
17.53
4.32
-11.13% 20.48%
16.5B
28.5B
-3.31% 131.10%
10.06
0.58
-9.05% 188.86%
13.9B
12.5B
-3.54% -4.77%
26.28
1.11
-3.77% 203.92%
13.7B
8.3B
-4.82% -7.19%
15.34
1.66
0.05% 30.98%
MID-CAP
8.7B
4.7B
-0.12% -6.23%
16.21
1.86
4.84% 12.15%
3.6B
1.7B
0.16% 4.81%
15.18
2.12
-1.93% 32.23%
2.7B
1.9B
-9.57% -13.37%
14.4
1.44
9.47% 35.66%
SMALL-CAP
398.7M
187.0M
-15.47% 14.61%
12.34
2.13
74.12% 306.55%
211.5M
3.0M
18.18% -30.04%
-7.66
70.93
100.34% 6.65%
35.5M
417.4M
0.18% 1.01%
1.5
0.09
-10.19% 525.10%
7.2M
867.4K
-17.31% -56.78%
-7.7
9.96
-88.45% 77.17%

Middlesex Water Co News

Latest updates
Defense World11 Jun 202409:27 am
GlobeNewswire10 Jun 202408:17 pm
Zacks Investment Research08 May 202407:00 am
Yahoo Finance25 Apr 202407:00 am

Middlesex Water Co Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In null)
Income Statement (Quarterly)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue5.0%40,52438,60246,71542,80138,15638,82347,73239,68336,19634,02539,87436,70132,54134,62639,92035,27731,76932,73837,76933,39330,698
Operating Expenses1.0%30,65930,36033,89332,13230,66630,67631,15729,59528,90527,68628,45026,88726,90726,29526,74325,89225,24225,18025,78624,44323,670
EBITDA Margin5.0%0.47*0.44*0.45*0.47*0.47*0.50*0.51*0.49*0.50*0.46*0.44*0.45*---------
Interest Expenses-13.5%3,2693,7793,5183,2512,5952,7932,3552,3691,8502,2052,1012,0701,7381,9721,9061,9461,6692,2801,9961,7881,200
Income Taxes1353.9%1,279-102746-3417381481,968795329-1,829-1,065-1,621-973-1,603-69.00-1,145-1,302-2,188-265-421-266
Earnings Before Taxes111.2%11,9615,66310,7369,5606,6067,31916,2599,66312,4295,40810,4119,3025,9346,70412,6688,5686,3665,88310,8547,7256,286
EBT Margin14.8%0.22*0.20*0.21*0.24*0.24*0.28*0.28*0.25*0.26*0.22*0.23*0.24*---------
Net Income85.3%10,6825,7659,9909,9015,8687,17114,2918,86812,1007,23711,47610,9236,9078,30712,7379,7137,6688,07111,1198,1466,552
Net Income Margin13.7%0.22*0.19*0.20*0.22*0.22*0.26*0.27*0.26*0.28*0.26*0.26*0.27*---------
Free Cashflow-79.6%-7,737-4,309-11,740-12,803-8,545-8,276-9,216-9,826-2,656-3,743-10,686-19,330---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets1.1%1,2501,2361,2431,1281,0991,0741,0651,0381,0741,0201,0301,015986976960951935910887808783
  Current Assets2.5%11110913641.0040.0037.0041.0039.0033.0034.0041.0037.0031.0034.0038.0044.0040.0029.0035.0032.0030.00
    Cash Equivalents19.5%3.002.003.004.005.004.003.004.003.004.005.006.004.0010.0028.0042.0053.0046.0057.004.007.00
  Current Liabilities12.8%11710412188.0096.0011893.0079.0060.0057.0092.0081.0066.0057.0085.0084.0081.0065.0010310393.00
  Long Term Debt-0.3%357358361367346306307311311311270277277277238242238234232174168
    LT Debt, Current-0.3%3643657.0017.0017.0017.008.008.007.007.007.007.007.007.007.007.007.007.007.007.007.00
    LT Debt, Non Current-0.3%357358354350330290301305307307266273273273234238235231228164158
Shareholder's Equity1.1%428423420411403400398386378368---346-------
  Retained Earnings2.8%18117617617216816716615715314614413713112912511711210910598.0094.00
Shares Outstanding0.0%18.0018.0018.00-18.0018.0018.0018.0018.00-17.0017.0017.00--------
Float----1,396---1,505---1,393---1,152---942-
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-48.0%6,65212,79610,69913,31715,97017,12017,38012,88613,97514,3904,0595,1379,44216,06516,5084,64416,13812,70511,7283,9567,664
  Share Based Compensation-209.7%-4654244241,006360360361642267305273557203276188470162228-294474229
Cashflow From Investing15.9%-14,389-17,105-22,439-26,120-24,515-25,396-26,596-22,712-13,509-18,133-14,745-24,467-22,033-34,834-25,368-20,270-25,147-27,905-25,522-23,374-12,324
Cashflow From Financing120.0%8,2023,72910,33312,3189,5799,1967,80410,852-7051,9949,78121,3086,396986-5,0854,45715,8114,62166,71216,7905,787
  Dividend Payments-1.8%5,7385,8415,5515,5365,5135,5125,1145,0975,0875,0794,7674,7654,7624,7604,4764,4744,4684,2723,9873,9633,943
  Buy Backs-868--------------------
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MSEX Income Statement

2024-03-31
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]  
Operating Revenues$ 40,524$ 38,156
Operating Expenses:  
Operations and Maintenance20,46520,257
Depreciation5,3965,986
Other Taxes4,7984,423
Total Operating Expenses30,65930,666
Operating Income9,8657,490
Other Income:  
Allowance for Funds Used During Construction176813
Other Income, net5,189898
Total Other Income, net5,3651,711
Interest Charges3,2692,595
Income before Income Taxes11,9616,606
Income Taxes1,279738
Net Income10,6825,868
Preferred Stock Dividend Requirements3030
Earnings Applicable to Common Stock$ 10,652$ 5,838
Earnings per share of Common Stock:  
Basic (in Dollars per share)$ 0.6$ 0.33
Diluted (in Dollars per share)$ 0.59$ 0.33
Average Number of Common Shares Outstanding:  
Basic (in Shares)17,819,00017,652,000
Diluted (in Shares)17,934,00017,767,000

MSEX Balance Sheet

2024-03-31
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Statement of Financial Position [Abstract]  
Water Production$ 306,884$ 303,791
Transmission and Distribution816,933809,862
General101,047100,593
Construction Work in Progress24,05619,636
TOTAL1,248,9201,233,882
Less Accumulated Depreciation239,630235,540
UTILITY PLANT - NET1,009,290998,342
Cash and Cash Equivalents2,8552,390
Accounts Receivable, net of allowance for credit losses of $2,134 and $2,137, respectively15,73218,172
Litigation Settlement Receivable69,87269,872
Unbilled Revenues11,3129,297
Materials and Supplies (at average cost)7,0726,972
Prepayments4,3711,833
TOTAL CURRENT ASSETS111,214108,536
Operating Lease Right of Use Asset3,0273,185
Preliminary Survey and Investigation Charges1,9521,932
Regulatory Assets90,04690,694
Non-utility Assets - Net11,78011,522
Employee Benefit Plans22,75721,779
Other3962
TOTAL OTHER ASSETS129,601129,174
TOTAL ASSETS1,250,1051,236,052
CAPITALIZATION AND LIABILITIES  
Common Stock, No Par Value246,551246,764
Retained Earnings181,141176,227
TOTAL COMMON EQUITY427,692422,991
Preferred Stock2,0842,084
Long-term Debt356,960358,153
TOTAL CAPITALIZATION786,736783,228
Current Portion of Long-term Debt7,8317,740
Notes Payable58,00042,750
Accounts Payable23,24327,618
Litigation Settlement Payable6,2376,237
Accrued Taxes14,71910,535
Accrued Interest2,6503,138
Unearned Revenues and Advanced Service Fees1,3651,390
Other3,1114,421
TOTAL CURRENT LIABILITIES117,156103,829
COMMITMENTS AND CONTINGENT LIABILITIES (Note 7)
Customer Advances for Construction21,09121,313
Lease Obligations2,9043,063
Accumulated Deferred Income Taxes89,69388,736
Regulatory Liabilities57,818113,021
Other498592
TOTAL OTHER LIABILITIES172,004226,725
CONTRIBUTIONS IN AID OF CONSTRUCTION174,209122,270
TOTAL CAPITALIZATION AND LIABILITIES$ 1,250,105$ 1,236,052
MSEX
Middlesex Water Company owns and operates regulated water utility and wastewater systems. It operates in two segments, Regulated and Non-Regulated. The Regulated segment collects, treats, and distributes water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers, as well as provides regulated wastewater systems in New Jersey and Delaware. The Non-Regulated segment provides non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware. Middlesex Water Company was incorporated in 1896 and is headquartered in Iselin, New Jersey.
 CEO
 WEBSITEmiddlesexwater.com
 INDUSTRYUtilities Regulated Electric
 EMPLOYEES350

Middlesex Water Co Frequently Asked Questions


What is the ticker symbol for Middlesex Water Co? What does MSEX stand for in stocks?

MSEX is the stock ticker symbol of Middlesex Water Co. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Middlesex Water Co (MSEX)?

As of Thu Jun 13 2024, market cap of Middlesex Water Co is 927.27 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MSEX stock?

You can check MSEX's fair value in chart for subscribers.

What is the fair value of MSEX stock?

You can check MSEX's fair value in chart for subscribers. The fair value of Middlesex Water Co is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Middlesex Water Co is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MSEX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Middlesex Water Co a good stock to buy?

The fair value guage provides a quick view whether MSEX is over valued or under valued. Whether Middlesex Water Co is cheap or expensive depends on the assumptions which impact Middlesex Water Co's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MSEX.

What is Middlesex Water Co's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Jun 13 2024, MSEX's PE ratio (Price to Earnings) is 25.52 and Price to Sales (PS) ratio is 5.5. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MSEX PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Middlesex Water Co's stock?

In the past 10 years, Middlesex Water Co has provided 0.116 (multiply by 100 for percentage) rate of return.